The Big Mac Attack On ObamaCare
Investor’s Business Daily
09/30/2010
A big employer mulls dropping health insurance coverage due to ObamaCare’s mandates. The claim that if you like your plan you can keep it was a lie, and the effort to destroy private insurance is working.
The 30,000 or so hourly workers at McDonald’s undoubtedly like the health care plan their employer provides and would like to keep it. For $14 a week, a worker gets a plan that caps annual benefits at $2,000; $32 a week gets you coverage up to $10,000.
They get minimum coverage at a minimum price, but most younger workers are healthy and for that reason, they constitute a high percentage of the uninsured. What McDonald’s Corp. offers is not a one-size-fits-all nanny-state special that forces young males to pay for mammograms.
President Obama promised that under ObamaCare these workers could keep these plans, but McDonald’s has told federal regulators in a memo that it would be “economically prohibitive” for its insurance carrier to continue to cover its hourly workers unless it receives a waiver to the ObamaCare requirement that 80% of premiums for such “mini-med” plans be spent on medical care.
Other large employers who offer such plans could find themselves in the same dilemma — companies like Home Depot, CVS, Staples and Blockbuster. The net result for many would be going from minimal coverage that fits their current needs to no coverage at all — at least until 2014, when ObamaCare is in full swing.
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